Given that our Federal debt is at 130% of GDP, without changing any other inputs, does that mean we lack ability to reduce the debt?

CWO3 Private RallyPoint Member — Sat, 06 Feb 2021 09:32:23 -0500

Our Federal debt is at 130% of Gross Domestic Product (GDP). Without changing any other inputs, does that mean we lack ability to reduce debt? It seems to be the case, and good cause to raise GDP or Fed revenue, and cut spending. Printing money only devalues it. I'm asking seriously, no judgement. All answers welcomed. https://www.usdebtclock.org/

Response by LTC Kevin B. made Feb 6 at 2021 9:44 AM

LTC Kevin B. — Sat, 06 Feb 2021 09:44:15 -0500

We don't lack the ability to pay it down. We lack the will to pay it down. Except for a few years during the Clinton administration, we've never paid down any debt. We just roll it over, while continuing to increase it.

Response by Lt Col Charlie Brown made Feb 6 at 2021 9:58 AM

Lt Col Charlie Brown — Sat, 06 Feb 2021 09:58:33 -0500

All of the above are necessary and this administration will do None of them